HB 2957
Insurance; proof of loss; claims; property insurance; effective date.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies Oklahoma’s insurance laws regarding proof of loss and claims settlement, specifically for property insurance. It requires insurers to provide forms for insureds to document their losses but doesn’t create liability for the insurer regarding the completion of those forms. The bill also sets a 60-day deadline for insurers to offer a settlement or rejection of a claim, and outlines how costs and attorney fees are handled in judgments, with specific rules for property insurance claims.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours